Swedish private equity firm EQT Partners AB is near a deal to buy bandages-supplier BSN Medical from Montagu Private Equity LLP in what would be Germany’s largest buyout this year, people familiar with the process told Bloomberg.

The Stockholm-based firm may pay about 1.8 billion euros ($2.3 billion) for the Hamburg-based medical equipment company, the newswire said. It added that the deal hasn’t been finalized and could still fall apart.